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Access to Agricultural Credit and Cassava Production: A Study of Selected Cooperative Farmers in Anambra State

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Access to Agricultural Credit and Cassava Production: A Study of Selected Cooperative Farmers in Anambra State


Nwafor, Grace Obiageli | Umebali, Emmanuel E.



Nwafor, Grace Obiageli | Umebali, Emmanuel E. "Access to Agricultural Credit and Cassava Production: A Study of Selected Cooperative Farmers in Anambra State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5, August 2021, pp.957-962, URL: https://www.ijtsrd.com/papers/ijtsrd45009.pdf

This study examined access to agricultural credit and cassava production: A study of selected cooperative farmers in Anambra State, Nigeria. This study adopted a descriptive survey research design that aimed to determine the relationship between the independent variables and dependent variable in a population. The population of this study was made up of 2978 members of selected thirty six cooperative societies in Anambra State. A sample of 353 was determined for the study using Taro Yamani formula. A structured questionnaire was administered to 353 respondents only 348 responded to the questionnaire. The data collected using the questionnaire was analyzed using descriptive statistics like frequency, mean and standard deviation; and also inferential statistics such as regression analysis and t-test statistics. All analysis was conducted using SPSS version 23. Findings show that all the five coefficients (cost of cooperative credit, amount of credit borrowed, loan repayment period, interest paid and loan repayment performance) significantly influence cassava production in Anambra State. In general, the joint effect of the explanatory variables-independent variables-in the model account for 0.883 or 88.3% of the variations in the influence of cooperative credit on cassava production in Anambra State, Nigeria. This implies that 88.3% of the variations in the cassava production are being accounted for or explained by the variations in the explanatory variables. While other independent variables not captured in the model explain just 11.7% of the variations in cassava production. The study therefore recommends that credit institutions should supervise and spread the repayment period for credit obtained in such a way that the cost will not be heavy. Adequate credit facilities should be provided for farmers to enable them increase their production capacity. The loan repayment period for the farmers should be well spread to enhance their productivity among others. Low interest rate should be charged farmer to enable them reduce their rate of defaulting repayment.

Cost of credit, Amount of Credit Borrowed, Loan repayment period, Interest Paid Financial Intermediation


IJTSRD45009
Volume-5 | Issue-5, August 2021
957-962
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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